Tesla, Inc. $TSLA Shares Sold by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 17.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 967,982 shares of the electric vehicle producer’s stock after selling 209,665 shares during the period. Tesla comprises 52.3% of Sloy Dahl & Holst LLC’s portfolio, making the stock its largest holding. Sloy Dahl & Holst LLC’s holdings in Tesla were worth $435,321,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TSLA. Narwhal Capital Management lifted its holdings in Tesla by 32.8% during the 3rd quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer’s stock worth $4,232,000 after buying an additional 2,350 shares during the last quarter. Crestwood Advisors Group LLC lifted its holdings in Tesla by 34.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock worth $8,799,000 after buying an additional 5,039 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Tesla by 29.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock worth $14,487,000 after purchasing an additional 7,446 shares during the last quarter. Calamos Wealth Management LLC lifted its holdings in shares of Tesla by 5.9% in the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock worth $18,846,000 after purchasing an additional 2,341 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. lifted its holdings in shares of Tesla by 8.8% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock worth $21,571,000 after purchasing an additional 3,935 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the transaction, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction on Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the transaction, the chief financial officer owned 18,106 shares in the company, valued at $7,188,625.18. This represents a 11.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 80,213 shares of company stock worth $30,851,105 over the last 90 days. Insiders own 19.90% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $428.35 on Monday. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 392.98, a PEG ratio of 16.31 and a beta of 1.79. The stock’s fifty day simple moving average is $382.66 and its 200 day simple moving average is $418.37. Tesla, Inc. has a 52-week low of $273.21 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. As a group, sell-side analysts forecast that Tesla, Inc. will post 1.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TSLA. Piper Sandler reissued an “overweight” rating on shares of Tesla in a report on Thursday, January 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $510.00 price target on shares of Tesla in a report on Wednesday, April 22nd. Barclays reissued a “neutral” rating on shares of Tesla in a report on Thursday, April 23rd. Stifel Nicolaus set a $508.00 target price on Tesla in a research report on Thursday, January 29th. Finally, Canaccord Genuity Group raised their target price on Tesla from $420.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Nineteen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $398.42.

Check Out Our Latest Stock Analysis on TSLA

Key Tesla News

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Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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